Altus Group (TSE:AIF) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Altus Group Limited (TSE:AIF)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$51.85 and traded as low as C$47.67. Altus Group shares last traded at C$48.43, with a volume of 129,829 shares traded.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Royal Bank Of Canada decreased their target price on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a research report on Friday, February 20th. BMO Capital Markets decreased their target price on Altus Group from C$61.00 to C$48.00 and set a “market perform” rating for the company in a research report on Friday, February 20th. Finally, TD Securities cut their price target on Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$55.43.

Altus Group Stock Performance

The stock has a market cap of C$1.92 billion, a PE ratio of 5.72, a price-to-earnings-growth ratio of 0.96 and a beta of 0.55. The company has a quick ratio of 1.30, a current ratio of 1.03 and a debt-to-equity ratio of 48.84. The firm has a 50 day moving average price of C$44.87 and a 200 day moving average price of C$51.85.

Altus Group (TSE:AIF) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$0.67 EPS for the quarter. The firm had revenue of C$108.96 million for the quarter. Altus Group had a return on equity of 49.43% and a net margin of 69.98%. As a group, research analysts forecast that Altus Group Limited will post 1.7263823 earnings per share for the current year.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.